Mr Trump has said he plans on introducing a 20 per cent levy on most imports to the US in order to help out domestic businesses, with a 60 per cent tariff on imports from China.
The levy will trim the UK’s economic output by 0.9 per cent by the end of his presidency, according to the Centre for Economics and Business Research. This is the equivalent of £20bn, using 2023’s figures for economic output.
The US is the UK’s second-biggest trading partner after the EU. Britain also sent £188.2bn of exports to the US in the 12 months to the end of June, about a third of which were goods and the rest services. Cars, aviation parts such as jet engines, and medicines could be sectors most affected by the proposed levy.
هذه القصة مأخوذة من طبعة November 19, 2024 من The Independent.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة November 19, 2024 من The Independent.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
'Lazy Lorraine' should take web barbs as a compliment
The Scottish presenter, who recently spoke out about 'really hurtful' comments regarding her TV appearances, has simply been cursed by her own popularity
'It wasn't guaranteed for me that I'd write another book'
The author Natasha Brown, who shot to prominence with her debut novel 'Assembly', speaks to Katie Rosseinsky about writing habits, language, and her button-pushing new book
PM must step up to protect China's most feared critic
As a British citizen, imprisoned democracy activist Jimmy Lai deserves more from Keir Starmer
New season may be now or never for ‘nice guy' Norris
After falling short of Max Verstappen last year, the British driver must make it count this time
Where should we stop off on our Canadian road trip?
Q This year we're boycotting \"Trumpton\" for obvious reasons and it's high time we visited old friends in Canada, near Toronto and Halifax, Nova Scotia.
AI abuse 'a bigger danger to children than social media'
In his first interview since becoming the CEO of children's charity NSPCC, Chris Sherwood speaks to Holly Bancroft about the disturbing challenges facing young people today
'He told me to crack on, I'm super grateful he did that'
The influence of Wales coach Matt Sherratt on a teenage Fin Smith helped set him on his way to the international stage, the talented England fly-half tells Harry Latham-Coyle
Ontario slaps 25% increase on electricity exports to US
Tariff looks set to hike Americans' bills as Canada responds to Trump's trade war and calls on president to 'show respect'
Fort Knox and the man with a golden conspiracy theory
The US president wants to check that half of the country's gold reserves haven't been stolen. Is that a leap (or a vault) too far? Guy Walters attempts to sift the bull from the bullion
Structure dictates who will jump for joy at Cheltenham
The Irish have won the Prestbury Cup in each of the last five years, showcasing the decline of British racing. Don't expect this week's festival to be any different
